An Approach That Quantifies the Total Likely Misstatement as of the Current

Multiple Choice

An approach that quantifies the total likely misstatement as of the current year-end based on the effects of reflecting misstatements during the current year (and not considering any unadjusted previous year misstatements) is referred to as the:

A) Evaluation materiality approach.
B) Iron curtain approach.
C) Projected misstatement approach.
D) Rollover approach.